HomeMy WebLinkAboutReso 104-2003 RESOLUTION NO. 104-2003
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AUTHORIZING INVESTMENT OF MONIFS IN THE LOCAL
AGENCY INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the statues of 1976, Section 164291.1 was added to the
California Government Code to create a Local Agency Investment Fund in the State Treasury for the deposit
of money of a local agency for purposes of investment by the State Treasurer; and
WHEREAS, the City Council does hereby f'md that the deposit and withdrawal of money in the Local
Agency Investment Fund in accordance with the provisions of Section 164291.1 of the Government Code for
the purpose of investment as stated therein as in the best interests of the City of South San Francisco.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that
the City Council hereby authorizes the deposit and withdrawal of the City of South San Francisco monies in
the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429.1
of the Government Code for the purpose of investment as stated therein, and verification by the State
Treasurer's Office of all banking information provided in that regard.
BE IT, FURTHER RESOLVED that the following City of South San Francisco officers or their
successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency
Investment Fund: Richard A. Battaglia, Treasurer; Gloria F. Taormina, Deputy Treasurer; and James Steele,
Finance Director.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City
Council of the City of South San Francisco at a regular meeting held on the 10th day of December 2003 by the
following vote:
AYES:
Councilmembers Joseph A. Femekes, Richard A. Garbarino, and Pedro Gonzalez,
Vice Mayor Raymond L. Green, and Mayor Karyl Matsumoto
NOES: None.
ABSTAIN: None.
ABSENT: None.
ATTEST:
Deputy City Clerk